Rudman on the Park

For Sale

500 N 13th St. & 1228-1236 Washington Avenue, St. Louis, MO 63103

This St. Louis property for sale is located at 500 N 13th St. & 1228-1236 Washington Avenue. The current listed sale price for Rudman on the Park is $5,995,000. Rudman on the Park is situated on a lot that is 0.36 acre in size.

Contacts

broker
Garen Lafser

Salient Realty Group

Property Details

  • Property Type Multi-Family
  • Property Size 119,584 SF
  • Units 52
  • Lot Size 0.36 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1901
  • Year Renovated 2002
  • Date Updated Feb 3, 2025
***Salient Realty Group is pleased to exclusively offer Rudman On The Park to the market. The property is located at 1228 Washington Ave, St. Louis, MO 63103 in Downtown St. Louis. This 8-story mixed-use building consists of 119,584 gross square feet and underwent a full historic tax credit redevelopment in 2002. The building currently features a mix of commercial and residential spaces, with 48 large and high-end apartments spread across floors 4-8. Floors 2 & 3 consist of creative office space. The 1st floor has two restaurant spaces, one large, and one small. There are multiple value add strategies for investors to implement. Existing units are currently $370 below market rent on average, presenting immediate upside. Ownership also has fully approved plans by the City of St. Louis to convert the 3rd floor into an additional 13 apartments, which could also be repeated on the 2nd floor (total of 26 more apartments). Further, 10 more units can be added across the 5th and 7th floors bringing a potential total to 84 apartments. There is also a conditionally approved Historic Tax Credit application for the renovations to offset costs. While currently vacant, the commercial & restaurant spaces are in incredible condition and should be attractive in the leasing market. Rudman on the Park is centrally located in the heart of Downtown St. Louis providing great access for all of the features the City has to offer. Please reach out to the brokers for more information on this prominent building.
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Highlights

  • $370 Per Unit Rent Upside on Existing Apartments
  • Multiple Value Add Strategies - Potential for up to 84 Apartments
  • Elegant, Historic Building
  • Stunning 8-Story Mixed-Use Historic Building in Downtown St. Louis
  • Conditionally Approved Historic Tax Credit Application for Renovations
  • Located on Wash Ave - Downtown’s Entertainment Corridor
  • Close Proximity to Bars, Restaurants, & Major STL City Attractions

Getting around

  • 96/100

    Walk Score ®

  • 63/100

    Transit Score ®

  • 60/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City St. Louis, MO
  • Neighborhood Downtown West Saint Louis
  • Zip Code 63103
  • Market St Louis

Points of Interest

  • 8th & Pine

    0.41 miles

  • Union Station - Stair Access

    0.56 miles

  • Union Station

    0.59 miles

  • St. Louis - Gateway Station

    0.61 miles

  • Union Station - Elevator Access

    0.61 miles

  • Missouri History Museum/Forest Park

    4.80 miles

  • Forest Park - DeBaliviere Metrolink

    4.84 miles

  • The Wild Station

    4.91 miles

  • Discovery Corner Station

    5.03 miles

  • Delmar Loop Metrolink

    5.43 miles

  • Shell

    0.12 miles

  • ChargePoint

    0.45 miles

  • EV Connect

    0.50 miles

  • BP

    0.91 miles

  • Phillips 66

    1.05 miles

  • Zephyr Xpress

    1.13 miles

  • Conoco

    1.76 miles

  • EVgo Charging Station

    3.16 miles

  • Tesla Supercharger

    3.46 miles

  • Electric Car Charging Station

    6.70 miles

  • Hotel Jefferson Garage

    0.03 miles

  • St. Louis Parking

    0.13 miles

  • 15th Lucas lot

    0.14 miles

  • 1120 St Charles

    0.14 miles

  • St. Louis Auto Park

    0.16 miles

  • Park Pacific Parking Garage

    0.16 miles

  • Saint Louis Library Lot

    0.18 miles

  • 14th Delmar Lot

    0.18 miles

  • 14th MLK Lot

    0.19 miles

  • 1119 Lot

    0.21 miles

  • Tru

    0.05 miles

  • Home2 Suites

    0.06 miles

  • The Last Hotel STL

    0.15 miles

  • 21c Museum Hotel St Louis

    0.23 miles

  • Le Méridien

    0.25 miles

  • Courtyard St. Louis Downtown/Convention Center

    0.31 miles

  • Holiday Inn St. Louis

    0.32 miles

  • Marriott St. Louis Grand

    0.34 miles

  • Magnolia Hotel

    0.35 miles

  • Hotel Saint Louis, Autograph Collection

    0.42 miles

  • Copia Wine Mart and Bodega

    0.15 miles

  • Schnucks

    0.30 miles

  • Fields Foods

    0.33 miles

  • St. Louis Union Station

    0.58 miles

  • James Henry Provisions

    0.63 miles

  • The Cobblestone STL

    0.80 miles

  • Save-A-Lot

    1.68 miles

  • Target

    2.06 miles

  • Vincent's Market

    2.06 miles

  • Fresh Thyme

    2.18 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Garen Lafser

Salient Realty Group

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